IOCL Recruitment 2020 – Assistant Officer Posts

Indian Oil Corporation Limited (IOCL) has released the notification for the recruitment to the post of Assistant Officers in Finance Function. Eligible candidates can apply before 06-05-2020 (Extended Date:- 24-05-2020).

Post Name	Pay Scale	Educational Qualification and Experience
Assistant Officer	Rs.40000 per month	(i) Graduate in any discipline with minimum 55% marks (relaxed to 50% for candidates belonging to SC/ST and PwBD categories) and have passed the CA Intermediate/ CMA Intermediate (or equivalent qualification from CA/CMA institute) and (ii) At least three years of relevant experience in finance function as on 31st March 2020. Experience gained after passing of CA Intermediate /CMA Intermediate results shall only be considered. (iii) Relevant field includes experience in the field(s) of Finance/ Accounts/ Taxation/ Cost Accounting/ Auditing etc. The articled training /practical training which are integrated to the curriculum of the respective institution shall not be considered as a valid experience for this purpose.

Maximum Age Limit:- 30 years

How to Apply:-

Eligible candidates can apply online through Official Link.
Candidates can take the printout of the application form for future reference.

Selection Procedure:- Shortlisting, Personal Interview (PI), Group Discussion/ Group Task (GD/GT) and Medical Examination

Notes:-

Incomplete application will be rejected.
Age relaxation will be given as per govt rules.
Candidates need not pay any application fee to Indian Oil.

Last Date for Application Submission:- 06-05-2020 (Extended Date:- 24-05-2020)

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PSU Jobs – Public Sector Undertakings as career in India

Public Sector Undertakings or PSUs are basically companies owned by the Union Government of India or by one of the many state or territorial government. In certain cases, it is both.

What makes a PSU is that a majority of the stocks in the company need to be owned by the Government. The general classification for PSU is as Central Public Sector Enterprises (CPSEs) and State level Public Enterprises (SLPEs).

The progress of PSEs has been steady over the years. All the way back in 1951, there were just five Public Sector Undertakings in India. As of 1991, this number had increased all the way to 246.

Specifically speaking, the Central Public Sector Enterprises are companies that have Central Government direct holding of 51 per cent or more. These CPSEs are administered by the Ministry of Heavy Industries and Public Enterprises.

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Quite unlike traditional government jobs that require you to go through a tedious entry-level procedure, PSUs do not have this fixed policy in place. The frequency and basis for candidates to be hired by a certain PSU is absolutely left to the PSUs discretion. Their hiring usually depends upon the scope of work, skill set of the applicant and the vacancies available.

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Graduates generally get a mixed bag of jobs to choose from. This is one dynamic industry where the possibilities are endless. You get to function at your full potential, getting to use all the skills you have. You will initially start off as a Trainee and then you would be on Probation for about 6 months to a year.

Kind of posts you are ideally eligible for in this industry are Engineering Executive training, assistant Executive Engineer, Management Trainee, Accounts Officer, Scientist, Engineering Trainee, or even Systems officer.

Eligibility Criteria for the job

In order to qualify for PSU jobs, interested candidates would have to have immense technical knowledge. This reflects in their GATE scores. Candidates need to appear for their GATE exams and based on their GATE scores, their applications are taken into consideration.

Applicants who score required marks qualify for the further sessions like group discussions and interviews in case there happen to be vacancies in that specific PSU.

Candidates also generally need to be in the age group 21-30, whereas certain reserved categories or minorities may get a relaxed age limit of up to 35 years. Most importantly, the applicant would have to be a graduate in whichever vacant job position they apply for. This ensures quality work and expertise in the years to come.

PSU jobs are really beneficial for those wanting a job that also has government benefits. Job security and pension provisions sweeten the deal all the more and the sense of contribution to the nation’s economy is an added bonus.

IOCL Recruitment 2020 – Assistant Officer Posts

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PSU Jobs – Public Sector Undertakings as career in India

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